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FDI In Retail Is Stupid. No Lesson Learnt From East India Company?

By on Dec 25, 2011 in Wisdom | 0 comments

The Indian Government has come up with a master plan to solve the problems farmers face – Foreign Direct Investment (Inward) in retail sector. I don’t know whether I should laugh or get angry. What’s more surprising is that educated & literate people are supporting FDI in retail. You know what? We’re just sold to the fancy buzzwords; and ‘Globalization’ is the buzzword that we think is solving our problems. Other such buzzwords include ISO, CMMI and so on which our people think are the key to success and shell out several thousand rupees for the sake of recognition. That’s another topic which calls for separate blog post. Back to the point – Government wants companies like Walmart to enter India and help the farmers. The logic – foreign companies will directly purchase from the farmers and give them the right price for the...